Mingteng International Corp., Inc. (MTEN) has released an update.
Mingteng International Corp., through its subsidiary Wuxi Mingteng Mould Technology, is a key player in China’s automotive mold industry, offering a range of products from turbocharger to electric vehicle components. Despite challenges such as the COVID-19 pandemic and raw material price fluctuations, the company has maintained strong relationships with major clients, emphasizing its technical expertise and product quality. Revenue primarily comes from customized mold production, accounting for over 70% of its income, showcasing its critical role in supporting automotive manufacturing processes.
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